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Issue of Equity

19th Sep 2013 12:15

RNS Number : 4273O
New World Oil & Gas
19 September 2013
 



New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

 

19 September 2013

 

New World Oil and Gas Plc ('New World' or 'the Company')

Issue of Equity

 

New World Oil and Gas Plc, the oil and gas operating, exploration and development company focused on Belize and Denmark announces that it has today issued 5,462,244 new ordinary shares ("the Shares") in settlement of adviser fees. Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM on 25 September 2013.

 

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** ENDS **

 

For further information please visit www.nwoilgas.com or contact:

 

Enquiries:

William Kelleher

New World Oil and Gas Plc

Tel: +17134472171

Georges Sztyk

New World Oil and Gas Plc

Tel: +1514 9612247

Peter Sztyk

 

Felicity Geidt

New World Oil and Gas Plc

 

Beaumont Cornish Limited

Tel: +19172157122

 

Tel: +44 (0) 20 7628 3396

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

 

Jerry Keen

Shore Capital

Tel: +44 (0) 20 7408 4090

Pascal Keane

Shore Capital

Tel: +44 (0) 20 7408 4090

 

 

 

 

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

Notes

New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.

 

Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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